BITCOIN PRIMARY CYCLES
BOTH BITCOIN & ETHEREUM ARE ABOVE KEY PRIMARY CYCLES LEVELS AFTER SPENDING THE PREVIOUS YEAR IN BEAR CYCLES
BY FOLLOWING THE DILERNIA PRINCIPLES, THERE'S AN EXPECTATION THAT BEAR MARKET REVERSALS CONTINUE HIGHER FROM THE CURRENT YEAR & INTO NEW HIGHS THE FOLLOWING YEAR
THESE TRENDS OFTEN BEGIN IN THE LAST QUARTER OF THE YEAR AND CONTINUE TO NEW HIGHS AT THE START OF THE NEW QUARTER I.E 2021 HIGHS.
BY USING WEEKLY REGRESSION TOOLS WE ARE NOW LOOKING FOR CONSOLIDATION ABOVE THE OCTOBER LEVEL 10680 AND THE CROSS OVER ON THE BLUE LEVEL IN A COUPLE OF WEEKS
THAT MEANS - 2020 HIGHS AT $13529 AND THEN NEW HIGHS IN 2021
ETHEREUM PRIMARAY CYCLES
ETHEREUM IS ALREADY ABOVE ITS 2020 HIGHS $333 AND IT'S FORMING A ROBUST SUPPORT ZONE.
TIME IS NOW CATCHING UP WITH PRICE AND I'M STARTING TO LOOK FOR MOVES ABOVE THE YELLOW AT 355-64
SURE TIME CAN CATCH UP WITH PRICE AND PUSH IT DOWN TOWARDS $273......BUT??
THE PRIMARY CYCLES OF MOVING FROM A BEAR TO BULL, I'M FOLLOWING THE 2-WAVE PATTERN TO NEW HIGHS IN 2021